FCA's Bailey still frontrunner for BoE job despite testing few months

Odds widened to 2/1

clock • 2 min read

FCA chief executive Andrew Bailey continues to be the bookmakers' favourite to take over from Mark Carney as Bank of England governor, despite recent industry scandals that may have dented his chances.

Bailey, who took over from Martin Wheatley as Financial Conduct Authority (FCA) CEO on 1 July 2016 to steer the UK through the Brexit process, having been appointed by George Osborne, is a current 2/1 shot with Betway to secure the job. But a pair of recent scandals, including the still-running Neil Woodford saga as well as the collapse of London & Capital Finance, have seen his odds widen. In April, he was as shot as 1/2 to take over, according to comparison website Oddschecker. The suspension of the LF Woodford Equity Income fund, run by the UK's highest-profile stockpicker, has ser...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 12 March 2026 • 1 min read
Advice firm and alternative investment fund manager declared in default

Advice firm and alternative investment fund manager declared in default

Chancery Partnership and MCI Global Investment Advisors

Jen Frost
clock 09 March 2026 • 2 min read
Consumer Duty board reports: Everybody needs a friend – especially smaller firms

Consumer Duty board reports: Everybody needs a friend – especially smaller firms

'It is easier to turn a rowing boat than an oil tanker'

Alison Gay
clock 06 March 2026 • 4 min read